Post
Topic
Board Altcoin Discussion
Re: PolyNetwork Hacked, $600 million Lost
by
royalfestus
on 14/08/2021, 21:32:39 UTC
Today I read the news of the most shocking events at https://www.reuters.com/technology/defi-platform-poly-network-reports-hacking-loses-estimated-600-million-2021-08-11/ namely news about The biggest hack in the history of the crypto industry.
A cryptocurrency platform has lost about $600 million in digital tokens after one of the biggest hacking attacks in the sector, according to details of the theft that emerged on Wednesday.
Why this event can happen so as to create space for hackers, it's really unfortunate

  Unfortunate, those hackers are really looking for potentital crypto platform thats so vulnerable for a glitch or a so called hacking. This is just an indication to tell us that technology played a vital part that gives us hope and of course worries like this.
there used to be time when other developers are invited to check the weakness of code and they will be rewarded. Now more time is given to fund raising, market hype and Tokenomics than the security of the platform itself. sometimes, I dont trust allegations of hacks, we have had more of inside jobs and this may not be an exception.